FLUENT Corp. Announces Private Placement Financing
FLUENT Corp. (OTCQB: CNTMF) has announced a non-brokered private placement offering of 3.5 million common shares at US$0.06 per share, targeting aggregate gross proceeds of US$210,000. The offering is exclusively with the company's new Interim CEO, David Vautrin, as part of his employment agreement.
FLUENT, a national cannabis CPG company and retailer, operates across Florida, New York, Pennsylvania, and Texas, with 8 cultivation facilities, 42 retail locations, and a wholesale division called ENTOURAGE. The company employs over 700 people and produces cannabis products under brands including MOODS, Knack, Wandr, Bag-O, and Hyer Kind.
FLUENT Corp. (OTCQB: CNTMF) ha annunciato un collocamento privato non mediato di 3,5 milioni di azioni ordinarie a US$0,06 per azione, con l'obiettivo di raccogliere complessivamente US$210.000. L'offerta è riservata esclusivamente al nuovo CEO ad interim dell'azienda, David Vautrin, ed è parte del suo contratto di lavoro.
FLUENT, azienda nazionale nel settore CPG della cannabis e catena di vendita al dettaglio, opera in Florida, New York, Pennsylvania e Texas, con 8 impianti di coltivazione, 42 punti vendita e una divisione all'ingrosso chiamata ENTOURAGE. L'azienda impiega oltre 700 persone e produce prodotti a base di cannabis con marchi come MOODS, Knack, Wandr, Bag-O e Hyer Kind.
FLUENT Corp. (OTCQB: CNTMF) ha anunciado una colocación privada no intermediada de 3,5 millones de acciones ordinarias a US$0,06 por acción, con la meta de recaudar US$210,000 en bruto. La oferta es exclusiva para el nuevo CEO interino de la compañía, David Vautrin, como parte de su contrato laboral.
FLUENT, empresa nacional de productos de consumo (CPG) y minorista de cannabis, opera en Florida, Nueva York, Pensilvania y Texas, con 8 instalaciones de cultivo, 42 puntos de venta y una división mayorista llamada ENTOURAGE. La compañía emplea a más de 700 personas y fabrica productos de cannabis bajo marcas como MOODS, Knack, Wandr, Bag-O y Hyer Kind.
FLUENT Corp. (OTCQB: CNTMF)는 3.5백만 보통주를 주당 미화 0.06달러에 비중개(Non-brokered) 사모 발행한다고 발표했으며, 총 미화 21만 달러의 조달을 목표로 하고 있습니다. 이 발행은 회사의 신임 임시 CEO인 David Vautrin과의 고용 계약의 일부로, 그와만 전용으로 진행됩니다.
FLUENT는 전국적 마리화나 소비재(CPG) 기업이자 소매업체로 플로리다, 뉴욕, 펜실베니아, 텍사스에서 사업을 펼치고 있으며, 8개의 재배 시설, 42개의 소매 지점, ENTOURAGE라는 도매 부문을 운영합니다. 직원 수는 700명 이상이며 MOODS, Knack, Wandr, Bag-O, Hyer Kind 등 브랜드로 마리화나 제품을 제조합니다.
FLUENT Corp. (OTCQB: CNTMF) a annoncé une émission privée non intermédiée de 3,5 millions d'actions ordinaires au prix de 0,06 $US par action, visant à lever au total 210 000 $US bruts. L'offre est exclusivement destinée au nouveau PDG par intérim de la société, David Vautrin, dans le cadre de son contrat d'emploi.
FLUENT, entreprise nationale de produits de grande consommation (CPG) et détaillant dans le secteur du cannabis, opère en Floride, à New York, en Pennsylvanie et au Texas, avec 8 installations de culture, 42 points de vente et une division de gros appelée ENTOURAGE. La société emploie plus de 700 personnes et produit des articles à base de cannabis sous des marques telles que MOODS, Knack, Wandr, Bag-O et Hyer Kind.
FLUENT Corp. (OTCQB: CNTMF) hat eine nicht vermittelte Privatplatzierung von 3,5 Millionen Stammaktien zu US$0,06 je Aktie angekündigt, mit dem Ziel, brutto insgesamt US$210.000 zu beschaffen. Das Angebot richtet sich ausschließlich an den neuen Interim-CEO David Vautrin und ist Teil seines Arbeitsvertrags.
FLUENT, ein landesweit tätiges CPG-Unternehmen und Einzelhändler im Cannabisbereich, ist in Florida, New York, Pennsylvania und Texas aktiv und betreibt 8 Anbauanlagen, 42 Verkaufsstellen sowie eine Großhandelsabteilung namens ENTOURAGE. Das Unternehmen beschäftigt über 700 Mitarbeiter und stellt Cannabisprodukte unter Marken wie MOODS, Knack, Wandr, Bag-O und Hyer Kind her.
- New Interim CEO demonstrates confidence through personal investment of US$210,000
- Strategic alignment between management and shareholders through insider investment
- Proceeds will strengthen working capital position
- Low share price of US$0.06 indicates challenging market conditions
- Small offering size of US$210,000 may not significantly impact operations
- Company requires additional working capital, suggesting potential cash flow concerns
TAMPA, Fla., Aug. 28, 2025 (GLOBE NEWSWIRE) -- FLUENT Corp. (CSE: FNT.U) (OTCQB: CNTMF) (“FLUENT” or the “Company”), a leading national cannabis brand, is pleased to announce that it intends to complete a non-brokered private placement offering (the “Offering”) of 3,500,000 common shares (each, a “Share”) at a price of US
“I am pleased to make this purchase, which reinforces my belief in the team and our strategic direction,” said David Vautrin, Interim Chief Executive Officer. “In just a few weeks since assuming the Interim CEO role, I have been deeply impressed by the strength and energy of our entire team and their commitment to driving our strategic turnaround initiatives. This investment underscores my conviction in both our people and the long-term value creation potential of the business.”
The proceeds of the Offering will be used by the Company for working capital and general corporate purposes.
The Offering is expected to be completed on September 5, 2025.The Offering constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 ("MI 61-101") as an insider of the Company is the sole subscriber. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair market value of the participation in the Offering by insiders does not exceed
Pursuant to Rule 144 of the Securities Act of 1933, as amended, the Shares must be held for one year prior to any resale relying on the safe harbor provided by Rule 144.
About FLUENT Corp.
FLUENT, a national cannabis consumer packaged goods company and retailer, is dedicated to being one of the highest quality cannabis companies for the communities it serves. This is driven by FLUENT’s unrelenting commitment to operational excellence in cultivation, production, distribution and retail experience. FLUENT produces an assortment of cannabis products under a diverse portfolio of brands including MOODS, Knack, Wandr, Bag-O and Hyer Kind. FLUENT operates in Florida, New York, Pennsylvania and Texas. Headquartered in Tampa, Florida, FLUENT employs more than 700 employees across 8 cultivation and manufacturing facilities and 42 active retail locations and a wholesale division, ENTOURAGE, which services third party retailers in New York. For more information on the company wholesale division ENTOURAGE, please visit https://entouragewholesale.com/.
FLUENT’s Common Shares trade on the Canadian Securities Exchange under the symbol “FNT.U” and on the OTCQB Venture Market under the symbol “CNTMF”. For more information about the Company, please visit www.getFLUENT.com.
Disclosure
Neither CSE nor its Regulation Services accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
Certain information in this news release may constitute forward-looking information within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved” or similar expressions and includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, statements relating to the Offering, including the expected timing for closing; and the Company’s future growth, expansion and strategic focus. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent the Company’s expectations, estimates, and projections regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control.
Investors are cautioned that forward-looking information is necessarily based on many opinions, assumptions, and estimates that, while considered reasonable by the Company as of the date of this news release, are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the Company’s ability to execute its go-forward strategy; stock market volatility; changes in the business activities, focus and plans of the Company and the timing associated therewith; the timing of any changes to federal laws in the U.S. to allow for the general cultivation, distribution, and possession of cannabis; regulatory and licensing risks; changes in cannabis industry growth and trends; changes in general economic, business and political conditions, including changes in the financial markets; the global regulatory landscape and enforcement related to cannabis, including political risks and risks relating to regulatory change; risks relating to anti-money laundering laws; compliance with extensive government regulation, including the Company’s interpretation of such regulation; public opinion and perception of the cannabis industry; and the risk factors described in the public filings of the Company filed with Canadian securities regulators and available under the Company’s profile at www.sedarplus.ca.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors that could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
The Company, through several of its subsidiaries, is directly involved in the manufacture, possession, use, sale, and distribution of cannabis in the adult-use and medical cannabis marketplace in the United States. Local state laws where the Company operates permit such activities however, investors should note that there are significant legal restrictions and regulations that govern the cannabis industry in the United States. Cannabis remains a Schedule I drug under the United States Controlled Substances Act, making it illegal under federal law in the United States to, among other things, cultivate, distribute, or possess cannabis in the United States. Financial transactions involving proceeds generated by, or intended to promote, cannabis-related business activities in the United States may form the basis for prosecution under applicable United States federal money laundering legislation.
While the approach to enforcement of such laws by the federal government in the United States has trended toward non-enforcement against individuals and businesses that comply with adult-use and medical cannabis programs in states where such programs are legal, strict compliance with state laws with respect to cannabis will neither absolve the Company of liability under United States federal law, nor will it provide a defense to any federal proceeding which may be brought against the Company. The enforcement of federal laws in the United States is a significant risk to the business of the Company and any proceedings brought against the Company thereunder may adversely affect operations and financial performance.
The forward-looking statements contained in this news release are made as of the date of this news release, and the Company expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. For further information visit: https://getFLUENT.com/ and https://investors.getFLUENT.com/.
Investor Relations Contact
investors@getFLUENT.com
Media Contact:
press@getFLUENT.com
Officer Contact:
Matt Mundy, Chief Legal Officer
(850) 972-8077
FAQ
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